Tarsons Products Ltd IPO
IPO Details
- Open Date 15-Nov-21
- Close Date 17-Nov-21
- Lot Size 22 Equity Shares
- IPO Size ₹ 1,023.47 Cr
- IPO Price Range ₹ 635 to ₹662 per equity share
- Min Investment ₹ 14,564
- Listing Exchange NSE, BSE
- Basis of Allotment 23-Nov-21
- Refunds 24-Nov-21
- Credit to Demat Account 25-Nov-21
- Listing Date 26-Nov-21
Tarsons Products Ltd IPO Subscription Status
Tarsons Products Ltd IPO Subscription Status
| Category | Subscription Status |
| Qualified Institutional (QIB) | 115.77 Times |
| Non-Institutional (NII) | 184.58 Times |
| Retail Individual | 10.56 Times |
| Employees | 1.83 Times |
| Total | 77.49 Times |
Tarsons Products Ltd IPO Subscription Details (Day by Day)
| Date | QIB | NII | Retail | Employees | Total |
| November 15, 2021 17:00 | 0.00x | 0.17x | 2.12x | 0.41x | 1.09x |
| November 16, 2021 17:00 | 1.30x | 3.98x | 4.74x | 1.08x | 3.58x |
| November 17, 2021 17:00 | 115.77x | 184.58x | 10.56x | 1.83x | 77.49x |
IPO Synopsis
According to the DRHP, Tarsons Products will open its IPO for subscription between November 15 and November 17. A price band of Rs.635-Rs.662 has been set with a minimum investment value of Rs.14,564. This issue consists of Fresh issue worth Rs.150 crore and an OFS of 1.32 crore Equity shares. The listing date is set as November 26. The IPO size is Rs.1023 crore. Under the OFS, promoters- Sanjive Sehgal and Rohan Sehgal will offload 3.9 lakh equity shares and 3.1 lakh equity shares, respectively. One of the investors, Clear Vision Investment Holdings Pte Ltd will divest approximately 1.25 crore equity shares.
Objectives of the issue:
1. Repaying or prepaying the company’s debts and borrowings.
2. Funding the capital expenditure for a new manufacturing plant at Panchala, West Bengal
About Tarsons Products Ltd
Tarsons Products Limited, incorporated in 1983, is one of the leading life sciences company in the country and has been in the market for more than 30 years. Tarsons specializes in production, designing, development and supply of labware products like Benchtop equipment, reusables and consumables that helps in advancement of scientific discovery and also helps in healthcare. Their most important clients include medical labs, hospitals and reputed institutes. Tarsons products currently carries on operations through 5 manufacturing facilities in West Bengal. As of March 31, 2021, the company has a very strong distribution network consisting of over 141 authorized distributors and the company also supplies its products to 40 different countries.
Tarsons Products Ltd Financial Status
Tarsons Products - Financials
|
PARTICULARS |
31 March,2021 |
31 March,2020 |
|
Revenue |
2,343 |
1,801 |
|
Profit after Tax |
689 |
405 |
|
Total Assets |
2,959 |
2,487 |
The EPS of the company grew from 7.75 in FY20 to a whopping 13.43 in FY21. The streak of consistent returns has been further maintained by the ROE that increased from 20.50% to 28.19%. The company is almost debt free with a Debt/Equity ratio standing at 0.07.
1. The company belongs to an industry where the growth rate stands at 7-8% and the products of the company have a CAGR of 16%, which makes it a very attractive investment, coupled with the huge leap in the Profits in 2021
2. 75% of their raw materials are imported from Europe, Singapore, USA, Malaysia and Taiwan
3. An expense of Rs.82 crore has been determined for the new manufacturing plant at Panchala, West Bengal
Strengths:
1. An extensive array of products offered
2. Leading life sciences company in the country
3. A very strong distribution network and strong relationships with various vendors
4. Strong and qualified management team
5. Increase in demand for plastic equipment will lead to increase in growth rate
Risk Factor:
Plastic is a very sensitive topic in India and a lot hangs in the balance. Since this company focuses on making plastic equipment, an inherent risk of the government banning single use plastic, always remains. This is the only dominant risk factor that is always looming for this country.
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Contact Details of Tarsons Products Ltd IPO
Contact Information
Tarsons Products Limited
Martin Burn Buisness Park,
Room No. 902 BP- 3, Salt Lake,
Sector- V, Kolkata 700091
Phone: +91 33 3522 0
Email: piyush@tarsons.in
Website: https://www.tarsons.com/
Tarsons Products Ltd IPO Register
Tarsons Products IPO Registrar
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: tarsonsproducts.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Tarsons Products Ltd IPO Lead Manager
Edelweiss Financial Services Ltd
ICICI Securities Limited
SBI Capital Markets Limited
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